Alleged scam artist Ephren Taylor and his wife, Meshelle Taylor, were confronted by ABC News cameras, according to an August 21, 2013, broadcast.

"Some congregants from some of the most prominent megachurches, including Bishop Eddie Long's New Birth Missionary Baptist Church and Joel Osteen's Lakewood Church in Texas, turned over their life savings to Taylor."

In October 2009, Bishop Long introduced his congregation to Taylor, whom he described as "my friend, my brother, the great Ephren Taylor."

Taylor pitched his "social capitalist" message to the large congregation and received many wiling investors into his endeavor.

Last year, Channel 2 Action News of Atlanta uncovered documentary evidence that Long had foreknowledge of Taylor's fraudulent activity.

"Court records show Long was warned about self-described 'social capitalist' Ephren Taylor more than a week before Long's parishioners were scammed out of more than a million dollars," reported Channel 2.

"In 2011, Long recorded a YouTube video, referring to Taylor as a "great man," and urging him to repay the congregants' money."

About a dozen New Birth Missionary members filed a lawsuit against Long, which set out to recover their financial losses.